Even if you’re remotely interested in cryptocurrencies, you would have heard about Bitcoin. Launched in 2009, this cryptocurrency was the first in the block to have garnered massive growth and fame. It even got the advantage of being an early entrant in the crypto space. If you take a quick look at the growth chart of Bitcoin, the impressive price growth would be pretty apparent. While many believe Bitcoin price still has places to reach, others believe that the Bitcoin bubble is about to burst.
If you’re a crypto investor, you would be keen to know what the future holds for Bitcoin, as it can significantly impact your crypto investments. To help people with Bitcoin investments, we’ve curated an epic price guide that highlights what the prices of Bitcoin can be in the coming years. Although it is impossible to get 100% accurate price predictions for any cryptocurrency, experts with unmatched domain knowledge can get pretty close to it. So let’s quickly check what experts have to say about Bitcoin price prediction, so you can get the right direction to move forward.
Bitcoin Price Prediction for the Coming Years
After analyzing what experts have to say on the Coin Price Forecasts show and CryptoNewZ, it can be assumed that Bitcoin is all set to cross the $100,000 mark by the end months of 2025. The coin started its journey at $46,657.53 at the beginning of 2022. If the trading factors remain constant, the experts predict that the Bitcoin price could reach the $50,000 mark by the end of this calendar year. Additionally, a very recent technological upgrade, Taproot, is expected to pave the way for massive improvements related to a fee reduction, network speed, and smart contracts. If all this is achieved, Bitcoin could easily surpass the $100,000 mark in the coming years.
If things go as predicted, Bitcoin could start its journey at $50,000 in 2023. The price could also go around $65,000 in the second quarter of the following year and end at approximately $79,538. If Bitcoin fulfills these criteria, it will start 2024 at a phenomenal growth rate, and it will only increase from there onwards. Bitcoin can cross the $100,000 mark by the end of 2024 and even double in value in 2025. However, experts say it is improbable that Bitcoin will cross the $126,000 mark even in 2025. With different experts having a different saying, only time will tell what the future holds for Bitcoin.
From investors’ point of view, it is suggested that you do your own research and check if investing in Bitcoin aligns with your investment goals. Instead of only relying on the BTC to INR chart, check whether Bitcoin is releasing any new updates during your planned investment period; also, look at what Bitcoin’s competitors are doing for better clarity. The more market research you do, the better decision you’ll be able to make.
History of Bitcoin Prices
After the well-known global recession hit the world in 2008, people started looking at Bitcoin as a new-age currency that has the potential to sidestep the existing banking system. Since 2008, Bitcoin and altcoins have become a popular means of value exchange. Although they initially attracted traders who preferred to wager on volatile assets, they later started attracting non-trading professionals as well. But it cannot overlook the fact that Bitcoin is a highly volatile investment, and your money could be at risk.
Bitcoin was almost worthless when it was first released in 2009. But its prices started to increase in the following years. It reached $0.09 in 2010 and $1 by February 2011. It later surged to $29.60 in the following months, which was followed by a market nosedive that took Bitcoin back to the lower end of the cost, i.e., $2.05 at around November 2011. 2016 was a year of gradual increase, and Bitcoin crossed the $600 by the year-end. In December 2017, Bitcoin’s price skyrocketed again, reaching a whopping $19,345.49. The cryptocurrency again gained friction during the advent of COVID-19, reaching an all-time high of $29,000 by the end of 2020.
This glimpse of Bitcoin price should have given you enough data about the volatility of Bitcoin. While the cryptocurrency showed tremendous growth over the years, phases of sudden fall cannot be entirely overlooked.
Is Bitcoin the Right Investment for You?
Bitcoin investment is more than the number game. Even though you now know how Bitcoin prices were and in which direction they can head, it is best to invest only if you’re comfortable handling wild price swings. Bitcoin is a highly volatile investment, so investment should be made cautiously.